AI enabled legal recruitment marketplace secures seed funding
Legal tech/recrui-tech start-up, RecruVia has secured an undisclosed amount of funding from a clutch of foreign and Indian based investors. The company will utilize the fresh funds towards completing the development of its software-as-a-service (SaaS) self-learning recruitment search engine that will possess the ability to scrunch through large amounts of data (CV/JD) to give job-seekers and end employers more accurate and tailored results based on key hiring parameters, while taking into account their individual preferences.
Sachin Sukumar (Founder) said, “Our venture has a single aim – to make the search for the right legal candidate or job easy and provide a ‘fit for purposeness’ to those recruiting / being recruited. The development of a machine learning based web-services engine is akin to a Google Maps API at the back-end. This would be able to run on our marketplace as well as assist law firms and recruiters in finding the right fit of candidates while sifting through tremendous number of applicant CVs they already have or receive.”
Run by Lawgin Legal Solutions Private Limited, RecruVia offers data-driven recruitment through its platform www.recruvia.com. The closed-door legal recruitment marketplace has been in operation since 2018 to pair candidates with JDs on a rule-based matching system (having serviced clients like Uber and Tier-I Indian law Firms)and it is now developing Machine Learning (ML) based engine to sharpen its search as well as diversify its’ offerings to the legal talent search market in India.
The legal market in India is growing exponentially and currently sits in excess of $ 1.3 billion, figures as per a publicly available 2017 report. Recruitment is a $ 200 billion plus industry globally and mounting. RecruVia is currently the only company firmly venturing into tech-recruitment exclusively for lawyers in India.
The Company was set up over 3 years ago by Sachin, and until this round, was bootstrapped. The seed investors are a clutch of individuals from San Francisco, UAE and India who have not just invested money, but also committed to lending their respective expertise in data science, technology, law, and internet marketplaces.